ANI Pharmaceuticals Inc (ANIP) SVP Robert W. Schrepfer Sells 4,651 Shares of Stock

ANI Pharmaceuticals Inc (NASDAQ:ANIP) SVP Robert W. Schrepfer sold 4,651 shares of the company’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $64.43, for a total transaction of $299,663.93. Following the transaction, the senior vice president now owns 53,484 shares of the company’s stock, valued at approximately $3,445,974.12. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Shares of ANI Pharmaceuticals stock traded down $0.25 during mid-day trading on Friday, hitting $63.49. The stock had a trading volume of 54,491 shares, compared to its average volume of 70,456. ANI Pharmaceuticals Inc has a 12-month low of $36.92 and a 12-month high of $72.81. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.92 and a quick ratio of 0.68. The stock has a market cap of $755.38 million, a price-to-earnings ratio of 13.77 and a beta of 2.41.

ANI Pharmaceuticals (NASDAQ:ANIP) last posted its quarterly earnings results on Wednesday, February 27th. The specialty pharmaceutical company reported $1.32 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.08. ANI Pharmaceuticals had a net margin of 7.69% and a return on equity of 28.84%. The business had revenue of $57.12 million during the quarter, compared to analysts’ expectations of $53.48 million. During the same quarter in the prior year, the company posted $1.08 EPS. The business’s revenue for the quarter was up 20.8% on a year-over-year basis. Equities analysts expect that ANI Pharmaceuticals Inc will post 5.74 earnings per share for the current fiscal year.

Institutional investors have recently bought and sold shares of the company. South Dakota Investment Council purchased a new stake in shares of ANI Pharmaceuticals in the 4th quarter valued at approximately $45,000. Teachers Retirement System of The State of Kentucky grew its stake in shares of ANI Pharmaceuticals by 99.5% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 2,005 shares of the specialty pharmaceutical company’s stock valued at $113,000 after buying an additional 1,000 shares during the period. Municipal Employees Retirement System of Michigan purchased a new stake in shares of ANI Pharmaceuticals in the 4th quarter valued at approximately $115,000. Metropolitan Life Insurance Co. NY grew its stake in shares of ANI Pharmaceuticals by 324.2% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 2,872 shares of the specialty pharmaceutical company’s stock valued at $129,000 after buying an additional 2,195 shares during the period. Finally, Bessemer Group Inc. purchased a new stake in shares of ANI Pharmaceuticals in the 3rd quarter valued at approximately $138,000. 60.32% of the stock is owned by institutional investors and hedge funds.

Several research analysts recently weighed in on the stock. ValuEngine upgraded shares of ANI Pharmaceuticals from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. BidaskClub upgraded shares of ANI Pharmaceuticals from a “hold” rating to a “buy” rating in a research report on Thursday, November 22nd. Cantor Fitzgerald set a $74.00 price target on shares of ANI Pharmaceuticals and gave the stock a “buy” rating in a research report on Friday, December 28th. Finally, Raymond James set a $73.00 price target on shares of ANI Pharmaceuticals and gave the stock a “buy” rating in a research report on Thursday, February 28th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. ANI Pharmaceuticals currently has a consensus rating of “Buy” and a consensus target price of $71.50.

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ANI Pharmaceuticals Company Profile

ANI Pharmaceuticals, Inc, a specialty pharmaceutical company, develops, manufactures, and markets branded and generic prescription pharmaceuticals in the United States. It focuses on producing controlled substances, anti-cancer (oncolytics), hormones and steroids, and complex formulations. The company offers Erythromycin Ethylsuccinate to treat infections; Esterified Estrogen with Methyltestosterone for treating vasomotor symptoms of menopause; Etodolac to treat pain caused by osteoarthritis, rheumatoid arthritis, and other conditions; Fenofibrate for treating hypercholesterolemia; Flecainide to treat arrhythmia; Fluvoxamine for treating obsessive-compulsive and social anxiety disorders; and hydrocortisone enema and cortenema to treat ulcerative colitis.

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